Send money overseas with WorldRemit to take advantage of bank-beating exchange rates
Italy
Madagascar
EUR

📈 Italy to Madagascar Money Transfer Snapshot Today

  • Best EUR to MGA exchange rate today: MGA 4,839.8600, offered by Remitly
  • Number of money transfer providers compared: 8
  • Exchange rate range: MGA 4,839.8600 to MGA 4,698.6352
  • Potential savings on EUR 1000: MGA 141,224.80
  • Number of deals and promo codes: 6
  • Mid-marketⓘThe mid-market exchange rate (also called the interbank rate) is the real EUR to MGA exchange rate before providers add their margin or fees. exchange rate: 1 EUR = MGA 4,863.2115 (Updated about an hour ago)

See detailed Italy to Madagascar money transfer comparison below.

Italy to Madagascar money transfer providers that matched the search criteria

REMITLY
Read more about Remitly
(*)★★ (*)★★ (*)★★ (*)★★ ( )★★
1000 EUR =
4 839 860.00 MGA
Transfer Limit (EUR): 0 - 20000
Locked-In Rate1 EUR = 4,839.8600 MGA

📢 Special exchange rate applied for first transfer
dahabshiil
Read more about Dahabshiil
(*)★★ (*)★★ ( )★★ ( )★★ ( )★★
1000 EUR =
4 793 314.00 MGA
Transfer Limit (EUR): 12 - 99990000
Indicative Rate1 EUR = 4,793.3140 MGA
Get first transfer free
talkremit
Read more about TalkRemit
( )★★ ( )★★ ( )★★ ( )★★ ( )★★
1000 EUR =
4 793 314.00 MGA
Transfer Limit (EUR): 12 - 100000
Indicative Rate1 EUR = 4,793.3140 MGA
Get first transfer free
airwallex
Read more about Airwallex
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 EUR =
4 763 474.10 MGA
Transfer Limit (EUR): No Limits
Indicative Rate1 EUR = 4,763.4741 MGA

📢 B2B transfers only
XEMONEYTX
Read more about XE Money Transfer
(*)★★ (*)★★ (*)★★ ( )★★ ( )★★
1000 EUR =
4 735 443.90 MGA
Transfer Limit (EUR): No Limits
Indicative Rate1 EUR = 4,735.4439 MGA

📢 New! Cash pickup available
WORLDREMIT
Read more about WorldRemit
(*)★★ (*)★★ (*)★★ (*)★★ ( )★★
1000 EUR =
4 715 479.50 MGA
Transfer Limit (EUR): No Limits
Locked-In Rate1 EUR = 4,715.4795 MGA
Get 3 free transfers
Refer a friend to earn EUR 15

📢 Special exchange rate applied for first transfer
sendwave
Read more about Sendwave
(*)★★ ( )★★ ( )★★ ( )★★ ( )★★
1000 EUR =
4 715 479.50 MGA
Transfer Limit (EUR): No Limits
Indicative Rate1 EUR = 4,715.4795 MGA
Get USD 10 credit for first transfer
No transfer fees
WESTERNUNION
Read more about Western Union
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 EUR =
4 698 635.20 MGA
Transfer Limit (EUR): No Limits
Locked-In Rate1 EUR = 4,698.6352 MGA

If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.





💡What these rates mean for sending money to Madagascar from Italy today

Compare top-rated money transfer providers to find the best way to remit money to Madagascar from Italy. Check today's EUR to MGA exchange rates, read detailed provider reviews, and discover exclusive deals and promo codes.

RemitFinder compared 8 providers for Italy to Madagascar money transfers today. Here is what the competition looks like right now:

Today's Most Competitive Providers to Transfer Money to Madagascar from Italy

🥇 Remitly with 1 EUR = 4,839.8600 MGA (best EUR to MGA exchange rate today).

🥈 Dahabshiil offering 1 EUR = 4,793.3140 MGA.

🥉 TalkRemit & Airwallex are also providing good FX rate today.

The 8 providers compared today offer exchange rates from MGA 4,698.6352 to MGA 4,839.8600. On a EUR 1000 transfer from Italy to Madagascar, that spread means up to MGA 141,224.80 in potential savings — simply by choosing the right provider.

Euro to Malagasy Ariary exchange rates fluctuate throughout the day, and top-ranked providers can change quickly. Even a small difference in the rate offered can significantly impact how much MGA your recipient receives in Madagascar.

Compare the providers above to maximize every EUR you send to Madagascar. The best Euro to Malagasy Ariary transfer rate changes daily, so comparing today matters.


Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Italy.



Latest Exchange Rates for Sending Money to Madagascar from Italy

Here are some latest EUR to MGA (Euro to Malagasy Ariary) exchange rates for popular conversion amounts*.

1 EUR4,863.21 MGA
5 EUR24,316.06 MGA
10 EUR48,632.12 MGA
25 EUR121,580.29 MGA
50 EUR243,160.58 MGA
100 EUR486,321.15 MGA
150 EUR729,481.73 MGA
200 EUR972,642.30 MGA
250 EUR1,215,802.88 MGA
300 EUR1,458,963.45 MGA
400 EUR1,945,284.60 MGA
500 EUR2,431,605.75 MGA
600 EUR2,917,926.90 MGA
700 EUR3,404,248.05 MGA
800 EUR3,890,569.20 MGA
1000 EUR4,863,211.50 MGA
1500 EUR7,294,817.25 MGA
2000 EUR9,726,423.00 MGA
2500 EUR12,158,028.75 MGA
3000 EUR14,589,634.50 MGA
4000 EUR19,452,846.00 MGA
5000 EUR24,316,057.50 MGA
10000 EUR48,632,115.00 MGA
15000 EUR72,948,172.50 MGA
20000 EUR97,264,230.00 MGA
30000 EUR145,896,345.00 MGA
40000 EUR194,528,460.00 MGA
50000 EUR243,160,575.00 MGA
100000 EUR486,321,150.00 MGA

*Based on the Mid-market Exchange RateⓘThe mid-market exchange rate (also called the interbank rate) is the real EUR to MGA exchange rate before providers add their margin or fees.. Actual payout may vary based on the chosen money transfer provider.


What is the best way to transfer money to Madagascar from Italy?

It can get confusing when sending money from Italy to Madagascar given so many choices. Additionally, Euro to MGA exchange rates fluctuate all the time. RemitFinder helps you compare money transfers companies to choose the best Euro to Malagasy Ariary exchange rate.

Choose Italy to Madagascar as your country combination and click search. We then compare many money transfer companies to bring you the best exchange rates to send money to Madagascar from Italy.

To further help you maximize the return on your money, we get you access to exclusive promo codes discounts for Euro to Malagasy Ariary remittances.


How to get the best EUR to MGA exchange rate?

With ever changing Euro to Malagasy Ariary remittance exchange rates, and umpteen choices, it may seem hard to choose a provider for your Italy to Madagascar transfers.

RemitFinder provides a single place to compare many options so you can maximize the return on your EUR to Malagasy Ariary international money transfers.

To help save your time and money, we also created the RemitFinder exchange rate alert. This is a free notification to stay updated on the latest Euro to Malagasy Ariary exchange rates and ongoing deals and promo codes.


What is the cheapest way for sending money to Madagascar from Italy?

The amount your recipient gets when you send from EUR to MGA is the number that matters most. To maximize payout, try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them).

Traditional methods to send money from Italy to Madagascar charge high fees and provide low rates, resulting in an expensive money transfer.

A good way to find the cheapest options to send Euro to Madagascar is by comparing providers on RemitFinder. This way, you can get the best Euro to Madagascar exchange rate.

You can realize additional savings by utilizing exclusive offers and promo codes from our partners. These deals can help lower the cost of you Euro to Madagascar money transfer even more.


Should I use my bank to transfer money from Italy to Madagascar?

There are two major ways that banks in Italy make money on international funds transfers. First, by charging steep transaction fees (up to USD 35-50, or currency equivalent), and second, by providing a low EUR to MGA exchange rate.

One simple way to maximizing your payout is by minimizing the fees on Italy to Madagascar money you send, whilst looking for the best rate.

Most remittance companies offer bank to bank transfers for sending money to Madagascar from Italy. You do this by funding your transfer with your bank account in Italy, and by paying your recipient in their bank account in Madagascar. But you are likely to get much better rates and lower fees compared to your bank.


What is the fastest way to transfer money from Italy to Madagascar?

If you need to convert money from EUR to MGA quickly, compare providers to see which ones can meet your timing needs. Once you identify the right provider, it is easy to send money.

The harder part might be how to identify which providers can execute fast transfers from Euro to Malagasy Ariary.

Whilst every provider is different, there are some general guidelines that will help send money fast - for example, how you fund your transfer, how your recipient gets the money, or ongoing bank holidays.

To demystify the Italy to Madagascar remittance process, you can study our detailed guide to money transfers. Awareness of the ins and outs of money transfers will help find fastest possible choices to send money to Madagascar from Italy.


Which are the best money transfer companies to send money from Italy to Madagascar?

The definition of "best" is personal to everyone. It may even vary from one Italy to Madagascar transfer to the next.

When comparing providers, check for factors like the best Euro to Malagasy Ariary exchange rate, limits, fees, speed, payment and delivery methods, and deals and promotions. Use these parameter to fine tune your choices.

By doing this, you can assess which providers fit your need for MGA money transfer to Madagascar.

Finally, look for any promotions from these providers as these will lower your overall cost. This way, your recipient in Madagascar will get more money for every Euro you send.


Step by step guide to transfer money to Madagascar from Italy

With so many choices to transfer from Euro to Malagasy Ariary, it can be difficult to pick the best provider. RemitFinder helps you compare companies and find the best one to move your funds abroad.

Once you have picked the right provider for your Italy to Madagascar remittance, follow the below steps.

  • Create an account with your provider.
  • Provide info and documents needed by to ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Italy and the receiver in Madagascar.
  • When you are ready, choose the amount and start your transaction.
  • At this point, the provider will take it on from here.
  • Watch out for updates on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your EUR to Malagasy Ariary money transfers. This way, you can pick whoever is the best at the time you want to send money abroad.